LYBLyondellBasell Industries N.V. Class A
Options Analysis Report•INDUSTRIAL ORGANIC CHEMICALS
Market Cap $21.4B|NYSE
● 2026-04-17$66.27
BEARISH
Analysis: 2026-04-16 EOD data
1Y +17.7%YTD +49.3%7D -10.1%
Options Vol
17,518
30D
Implied Move
±15.4%
IV Rank
59%
LYB Options Overview
IV is elevated with bearish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 81.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.91x — IV ≤ HV
Sector Relative≤50%
Sector percentile 65% — above sector median
Term Structure
<1.1xFront/Back 1.12x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 48.5% — normal range
Spread-Adjusted Value
<80%Effective IV 70.4% (ATM 48.5% + spread 11.0% + bias) — fair
Execution Efficiency
<3.0%Total drag 21.09% (spread 10.96% + slippage 10.13%) — high friction
Vega Efficiency
≥5.0Vega efficiency 22.87 (vega 25.067 / spread 10.96%) — efficient
Sentiment
Bullish or bearish?
1.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Moderate signal (Conviction: -61%, Raw: -58%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -61% (strong bearish) — Raw: -58%
OI Skew Magnitude
≥15%|OI skew| 6.7% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -39.1%, OI skew -6.7% — aligned
Conviction Quality
≥2/3 conditions0-DTE 18%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +12%, ATM: -4%, OTM: -69% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 90% — very bearish vs sector
Activity
Unusual activity?
5.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 1.2x avg — normal
Turnover Rate
≥15%Vol/OI 9.0% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change -0.7% (5d) — stable
Sector Relative≥60%
Sector activity percentile 80% — very active vs sector
Trade Quality
≥30%Large trade volume 62% — heavy institutional
Execution Urgency
≥60%Aggressive execution 61% — urgent
Flow Conviction
≥30Conviction -61 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
4.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 11.0% — wide
Adequate OI
≥10,000OI 195,081 — deep
Active Volume
≥500Volume 17,518/day — active
Reasonable Cost
≤$0.50$0.55 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 65% — wider than sector
Order Book Depth
≥100 contractsDepth 270.7 contracts (bid:148.5 ask:122.2) — adequate
Execution Quality
<1.0%Avg slippage 10.13% — poor
Timing
Is now a good time?
8.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +11.6% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 81% — seller opportunity
Event Detection
≥10pts kinkIV kink 4.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1071.23 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 14d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -61% @ 80% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 92 (ITM 20% + inst 62%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.1
bullishIV fair, bearish flow
Long Puts6.5
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put4.1
bullishIV fair, bearish flow
Covered Call6.2
bearishIV fair, bearish flow
For educational purposes only. Not investment advice.